The MSCI Asia Pacific (APAC) fell 0.3% to 116.33 in late trading in Tokyo, with the ratio of five shares fell to four a ride. This index falling by 9.9% from its peak on 15 April, due to tightening liquidity crisis, Europe and China. Trend correction will happen if the decline reaches 10% or more.
Head of Investment Strategy AMP Capital Investors Sydney Shane Oliver said that there is a combination of factors that burden the market and lead to the correction. "The question now, what was the beginning of a correction or bear market is new?" He told Bloomberg today.
World's second largest zinc smelter, Korea Zinc Co.., Down 6.2% in Seoul. Macarthur Coal Ltd. dropped 16% in Sydney after rejecting an offer of acquisition. Semiconductor Inc. Hynix. fell 3.6% in Seoul after MoneyToday reported that not all investors to buy convertible bonds this chipmakers. However, the Bank of Communications Co.. Shanghai rose 2.7% due to increase in rating by Morgan Stanley.
Japanese Topix index fell 0.7% due to the Ministry of Commerce reported a decrease in demand for services for the second time in March. Kospi in Seoul Stock Exchange also fell 0.5%. While the Nikkei index in Japan rose 0.1%, 1.2% Hang Seng Index, the Shanghai composite index of 1.4% and Australia 0.1%.
Korea Zinc fell 6.2% to 189 thousand won and became the largest decline in commodity companies in the MSCI APAC. Mitsubishi Corp.. that 40% of sales of commodities, fell 1.6% to 2031 yen in Tokyo. Pulverizedterbesar world coal producer, Macarthur Coal, dropped 16% to A $ 11.25 in Sydney or the biggest decline since December 2008 because he refused an offer of A $ 3.8 billion (U.S. $ 3.3 billion) from Peabody Energy Corp..
"Sectors directly affected by the slowdown in commodities (economic recovery) globally," said Director of UOB-Kay Hian Sales Ltd.. Steven Leung.
Australian toll road operator and the U.S., Transurban Group, fell 5.6% to A $ 4.42, the biggest mover in the Australian stock exchange. Hynix which declined 3.6% to 24 150 won to be the most actively traded stocks in South Korea.
South Korea's largest shipping line, Hanjin Shipping Co., Down 3.7% to 30 250 won in Seoul. Mitsui O.S.K. Lines Ltd., The world's largest trade fleet operators, 3.8% to 631 yen in Tokyo. Nippon KK, Japan's biggest shipping line by sales, 5,2% to 331 yen, the second biggest drop in the Nikkei.
Banking closed today with a positive trade. Bank of Communications, the fourth largest bank, publicly listed in China, rose 6.87 yuan to 2.7%. China Construction Bank Corp., The world's second largest lender by market valuation, 1.2% to 5.06 yuan. Bank of China Ltd., China's third biggest lender, 1.8% to HK $ 3.99 in Hong Kong.
The government policy to push property prices make Shanghai Composite Index falling by up to 21% from its peak on 23 November. This makes the stock exchanges were the third worst performer among 93 major exchanges Bloomberg beach. This index is entering a bearish trend as of 11 May
State-owned China Overseas Land & Investment Ltd.., Also notes rallied 3% to HK $ 14.58 in Hong Kong after two days of falling by up to 3.3%. China Resources Land Ltd., Who is also state-owned developer, rose 6.5% to HK $ 14.04.
Head of Investment Strategy AMP Capital Investors Sydney Shane Oliver said that there is a combination of factors that burden the market and lead to the correction. "The question now, what was the beginning of a correction or bear market is new?" He told Bloomberg today.
World's second largest zinc smelter, Korea Zinc Co.., Down 6.2% in Seoul. Macarthur Coal Ltd. dropped 16% in Sydney after rejecting an offer of acquisition. Semiconductor Inc. Hynix. fell 3.6% in Seoul after MoneyToday reported that not all investors to buy convertible bonds this chipmakers. However, the Bank of Communications Co.. Shanghai rose 2.7% due to increase in rating by Morgan Stanley.
Japanese Topix index fell 0.7% due to the Ministry of Commerce reported a decrease in demand for services for the second time in March. Kospi in Seoul Stock Exchange also fell 0.5%. While the Nikkei index in Japan rose 0.1%, 1.2% Hang Seng Index, the Shanghai composite index of 1.4% and Australia 0.1%.
Korea Zinc fell 6.2% to 189 thousand won and became the largest decline in commodity companies in the MSCI APAC. Mitsubishi Corp.. that 40% of sales of commodities, fell 1.6% to 2031 yen in Tokyo. Pulverizedterbesar world coal producer, Macarthur Coal, dropped 16% to A $ 11.25 in Sydney or the biggest decline since December 2008 because he refused an offer of A $ 3.8 billion (U.S. $ 3.3 billion) from Peabody Energy Corp..
"Sectors directly affected by the slowdown in commodities (economic recovery) globally," said Director of UOB-Kay Hian Sales Ltd.. Steven Leung.
Australian toll road operator and the U.S., Transurban Group, fell 5.6% to A $ 4.42, the biggest mover in the Australian stock exchange. Hynix which declined 3.6% to 24 150 won to be the most actively traded stocks in South Korea.
South Korea's largest shipping line, Hanjin Shipping Co., Down 3.7% to 30 250 won in Seoul. Mitsui O.S.K. Lines Ltd., The world's largest trade fleet operators, 3.8% to 631 yen in Tokyo. Nippon KK, Japan's biggest shipping line by sales, 5,2% to 331 yen, the second biggest drop in the Nikkei.
Banking closed today with a positive trade. Bank of Communications, the fourth largest bank, publicly listed in China, rose 6.87 yuan to 2.7%. China Construction Bank Corp., The world's second largest lender by market valuation, 1.2% to 5.06 yuan. Bank of China Ltd., China's third biggest lender, 1.8% to HK $ 3.99 in Hong Kong.
The government policy to push property prices make Shanghai Composite Index falling by up to 21% from its peak on 23 November. This makes the stock exchanges were the third worst performer among 93 major exchanges Bloomberg beach. This index is entering a bearish trend as of 11 May
State-owned China Overseas Land & Investment Ltd.., Also notes rallied 3% to HK $ 14.58 in Hong Kong after two days of falling by up to 3.3%. China Resources Land Ltd., Who is also state-owned developer, rose 6.5% to HK $ 14.04.
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